We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Do I actually NEED a buy-to-let in this situation?
Comments
-
There are a few reasons, Thrugelmir...
Because my employment income is relatively low, so it would take me about 8 years to save the difference between what I could borrow on a standard residential mortgage, and what a 'next step' house would cost... But meanwhile I own this unencumbered property that I can mortgage and rent out...
Because the sales market is stagnant around here, and houses like mine have been on the market for a year... But meanwhile the rental market is very healthy...
Because my current house is full of stairs and I need one that's flatter, and have seen something I like!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards